ETtechOrange Health, a startup offering at-home diagnostic services, has raised $25 million in a Series B funding round led by General Catalyst and Bertelsmann India Investments.
The money will be used to improve Orange Health’s tech stack and for its expansion and product development, a statement from the company’s founders, Dhruv Gupta and Tarun Bhambra, said.
The round also saw participation from existing investors Y Combinator, Accel and Uncorrelated Ventures.
Orange Health, founded in 2020, offers over 2,000 health test services across Bengaluru and the national capital region (NCR). Tests are conducted within 60 minutes and results delivered the same day. More than 1 million people have availed of its services so far, the company claims.
“In diagnostics, faster is better. While traditional diagnostic labs need patients to come to them at collection centres, most home collection diagnostic companies haven’t been able to reliably provide services in a timely manner. Orange Health’s affordable, on-demand service addresses this market gap. As a tech-enabled diagnostics company built around the customers, our focus has always been on speed & reliability," the founders said in the statement.
The company claims to have a net promoter score, or NPS, of more than 80. Prior to this, Orange Health had raised $10 million in a Series A round led by Accel.
Anand Chandrasekaran, partner at General Catalyst, said Orange Health is demonstrating an "incredible ability to create global benchmarks in the speed of collection and test results from the moment a prescription is issued without increasing costs for patients".
Pankaj Makkar, managing director of Bertelsmann India Investments, said, “With the vision to make healthcare accessible and affordable, Orange Health is bridging the gap between online and offline worlds with the latest consumer tech experience and delivering high-quality healthcare. Over the last two years, healthcare and diagnostics have emerged as a key theme for India and we believe that Orange Health is on a path to make it seamless for doctors and patients.”
The money will be used to improve Orange Health’s tech stack and for its expansion and product development, a statement from the company’s founders, Dhruv Gupta and Tarun Bhambra, said.
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Orange Health, founded in 2020, offers over 2,000 health test services across Bengaluru and the national capital region (NCR). Tests are conducted within 60 minutes and results delivered the same day. More than 1 million people have availed of its services so far, the company claims.
“In diagnostics, faster is better. While traditional diagnostic labs need patients to come to them at collection centres, most home collection diagnostic companies haven’t been able to reliably provide services in a timely manner. Orange Health’s affordable, on-demand service addresses this market gap. As a tech-enabled diagnostics company built around the customers, our focus has always been on speed & reliability," the founders said in the statement.
The company claims to have a net promoter score, or NPS, of more than 80. Prior to this, Orange Health had raised $10 million in a Series A round led by Accel.
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Anand Chandrasekaran, partner at General Catalyst, said Orange Health is demonstrating an "incredible ability to create global benchmarks in the speed of collection and test results from the moment a prescription is issued without increasing costs for patients".
Pankaj Makkar, managing director of Bertelsmann India Investments, said, “With the vision to make healthcare accessible and affordable, Orange Health is bridging the gap between online and offline worlds with the latest consumer tech experience and delivering high-quality healthcare. Over the last two years, healthcare and diagnostics have emerged as a key theme for India and we believe that Orange Health is on a path to make it seamless for doctors and patients.”
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